Top Award For Young Firm

Top Quote The title of European Tax Innovator of the Year was won at this year's highly-regarded European Tax Awards of International Tax Review by eBiz Answers, the company set up by CEO Andrew Bohnet in 2012, to provide the most complete end to end indirect tax solution on any Oracle platform. End Quote
  • (1888PressRelease) June 16, 2016 - 'It is a huge achievement for eBiz Answers to gain this important award,' says Bohnet. 'We are a small but growing company and it shows that we are making a measurable difference in terms of tax innovation.'

    The awards are designed to recognise excellence in tax practice. eBiz Answers, which specialises in Oracle ERP platforms from R12 eBTax to Fusion (Oracle Cloud), has developed eBTax Rapid Install, an automated system it calls a route to '100% indirect tax compliance.'

    Bohnet says 'It is dangerously easy for businesses to underestimate the need for robust governance of their indirect tax.' He pointed out this is a factor that can lead inadvertently to incorrect reporting.

    'When we carry out Indirect Tax reviews for clients,' says Bohnet. 'we often find we uncover VAT issues that are invisible to the business, which have inadvertently made the tax returns incorrect. HMRC becomes concerned and sometimes fines are issued.'

    'Such inefficiencies sit badly with HMRC's 2016 drive for governance and compliance. They are a clear handicap in achieving a Low Risk tax assessment and, of course, SAO certification.'

    'Our tried and tested automated Indirect Tax Solutions remove these risks and does so at a fraction of the cost of some much better known accountancy organisations than ours. It does so without any need to procure an external tax engine, thereby providing further savings for our clients.'

    Bohnet says 'a recent poll of Senior Accounting Officers reported that of the three-quarters (77%) of those surveyed who undertook a review of their reporting systems nearly half (46%) cited VAT as the area causing them most pain.'

    'As the EU VAT gap grows, so too will the associated rules around compliance,' he says. 'We have noticed an increase in demand for our automated Indirect Tax Solutions. It is no longer the afterthought it once was - and could even become mandatory.'

    'Our aim is simple. It is to guarantee 100% compliance in indirect tax processing by trapping errors at source. eBiz Answers is bridging the gap for clients, taking them towards HMRC's 2016 governance requirements.'

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